Starbucks Posts First Sales Drop Since 2020 During Global Pullback [Yahoo! Finance Canada]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: Yahoo! Finance Canada
(Bloomberg) -- Starbucks Corp. sales fell for the first time since 2020 as half-off deals and new lavender lattes weren't enough to entice increasingly budget-conscious consumers. Most Read from Bloomberg The shares fell as much as 13% in postmarket trading on Tuesday. If that holds, it would be the company's biggest stock drop since March 2020 in the early days of the pandemic. ADVERTISEMENT “Starbucks reported what's perhaps the worst set of results of any large company so far” this quarter, said Adam Crisafulli, an analyst with Vital Knowledge, in a note. On a call with investors Tuesday, the company cut its full-year revenue growth forecast to low single-digits and signaled adjusted earnings per share may be flat. Starbucks has struggled to keep up with lofty expectations set by previous management. Chief Executive Officer Laxman Narasimhan, who has been on the job a little more than a year, has already lowered guidance several times. But the latest results underscore
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SBUX
Earnings
- 4/30/24 - Miss
SBUX
Sec Filings
- 5/21/24 - Form 144
- 5/17/24 - Form 4
- 4/30/24 - Form 10-Q
- SBUX's page on the SEC website